Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading 1.1% Higher – Time to Buy?

Innovator IBD 50 ETF (NYSEARCA:FFTY) rose 1.1% on Thursday . The stock traded as high as $42.65 and last traded at $42.29. Approximately 42,567 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 75,524 shares. The stock had previously closed at $41.81.

Innovator IBD 50 ETF Stock Up 1.1%

The company has a market capitalization of $97.27 million, a PE ratio of 30.34 and a beta of 1.47. The company has a 50-day moving average price of $38.00 and a two-hundred day moving average price of $37.07.

Hedge Funds Weigh In On Innovator IBD 50 ETF

Hedge funds have recently made changes to their positions in the stock. AlphaCore Capital LLC purchased a new position in shares of Innovator IBD 50 ETF in the fourth quarter valued at $32,000. International Assets Investment Management LLC purchased a new position in shares of Innovator IBD 50 ETF in the fourth quarter valued at $35,000. Simplex Trading LLC purchased a new position in shares of Innovator IBD 50 ETF in the fourth quarter valued at $41,000. Advisory Services Network LLC purchased a new position in shares of Innovator IBD 50 ETF in the third quarter valued at $43,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Innovator IBD 50 ETF in the fourth quarter valued at $72,000.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.